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Dec 27, 2012
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administration and handled by the state department. >> i think it was lot more than that. it was a long history of not getting along with john mccain and the moment he had the option, he used it. >> that's exactly right. i think -- hillary clinton iss trying to avoid entering into the susan rice situation where she is under pyre on capitol hill. for now the -- will keep the questions at bay. but come january, when she gets asked to come back to capitol hill, she will have to enter into this situation and answer the questions on capitol hill or else she will risk having a susan rice situation where she gets battered from -- >> put this aside. does she run and could she be a moderate republican? >> i think hillary clinton scares every single republican contender who is thinking about 2016 because if you looked at the primaries she won in 2008, she was winning rustbelt states and winning purple states. she is a real threat to the republican party if they are looking to rebound in four years. >> all right. good to see you. ty. >> thank you. >>> so good to have you join us. i w
administration and handled by the state department. >> i think it was lot more than that. it was a long history of not getting along with john mccain and the moment he had the option, he used it. >> that's exactly right. i think -- hillary clinton iss trying to avoid entering into the susan rice situation where she is under pyre on capitol hill. for now the -- will keep the questions at bay. but come january, when she gets asked to come back to capitol hill, she will have to enter...
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Dec 26, 2012
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. >>> meantime, a fight is brewing over energy exports with the obama administration releasing a report saying that natural gas exports would help economic growth but democrat ron wyden is calling for restraint saying he's been hearing a lot of opposition in the last few days. wyden is set to become chairman of the senate energy and natural resources committee next month. opponents believe the unchecked exports would threaten jobs and exports in manufacturing. >>> in the meantime, the low cost of gas here brings a plan to build a north american facility just to ship it back to europe. the "wall street journal" reports the company will build the $659 million plant in the u.s. or canada and the facility will huge natural gas to produce iron which will be sent back to europe to be processed into steel. >>> meantime, the nasdaq falling today but get this, shares of research in motion, yes, r.i.m., bucking the trend. seema mody with us now. this is not a typo, is it? >> not a typo. take a look at shares of research in motion. as you point out, best performing stock on the nasdaq 100, quite a
. >>> meantime, a fight is brewing over energy exports with the obama administration releasing a report saying that natural gas exports would help economic growth but democrat ron wyden is calling for restraint saying he's been hearing a lot of opposition in the last few days. wyden is set to become chairman of the senate energy and natural resources committee next month. opponents believe the unchecked exports would threaten jobs and exports in manufacturing. >>> in the...
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Dec 21, 2012
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administration. >> huge, huge. >> in the negotiations. >> huge setback. couldn't agree more, john. huge setback. quickly, paul ryan and grover norquist endorsed plan b. does that work? help the whip gets votes in line or not? >> sure it does. but it does not help, the club for both freedom works and organizations politically active on the campaign trail and legislatively said, no, don't vote for this. i think that could have created some complications for them. we could lose 20 members. they showed that tonight on the spending cut portion of the bill, but they can't lose a lot more than that. can't lose 30 members, and there were counts earlier today showing they lacked 30 votes of republican members of the house. so we'll see whether they can put this back together and how serious this problem is. >> all right. john harwood, thanks very much for the update. i said earlier, we'll see a lot of john as the evening proceeds. >>> now, my great pleasure, welcome back to the show, i call him america's mayor. the former mayor of new york city. rudy jew rudy giul
administration. >> huge, huge. >> in the negotiations. >> huge setback. couldn't agree more, john. huge setback. quickly, paul ryan and grover norquist endorsed plan b. does that work? help the whip gets votes in line or not? >> sure it does. but it does not help, the club for both freedom works and organizations politically active on the campaign trail and legislatively said, no, don't vote for this. i think that could have created some complications for them. we could...
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Dec 18, 2012
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we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the spending side and we have the administration trying to get a bit more about how they would do it. this right now, one more look, 200 apart by the dems measure and 295 on the gop measure when it comes to revenue. that should help people begin to price how close they are in coming to a deal. >> steve, two things come to me. one is the perfect being the enemy of the good and -- >> the what? >> the comments this morning about the light at the end of the tunnel. it doesn't look like a large difference. >> it doesn't but the question becomes the $95 billion which i can
we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the...
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Dec 26, 2012
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. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private investors into fannie and freddie and transferring billions of dollars of mortgages to the government-backed mortgage companies would require congressional authorization and temporarily change the charters of fannie and freddie. does that sound like something -- a kid -- >> i don't know if it's good or not. >> all the stuff that's not covered now. you need -- >> yeah -- >> put it into fannie and freddie again. expand their balance sheets. i don't know. >> you have a view? >> how much was the tie? >> i don't want to say. >> really? >> was this a christmas tie, holiday tie? >> no. getting back to your question -- >> go ahead. >> fannie and freddie. look at that -- >> beautiful tie. >> punting. he's stalling is what he's doing. >> this is -- >> w
. >> in other housing news, the obama administration is considering expanding its mortgage refinancing program to include borrowers whose mortgages are not backed by the government and who owe more than their homes are worth. "the journal" reports one proposal being considered would also transfer potentially riskier loans that are held by private investors into fannie and freddie and transferring billions of dollars of mortgages to the government-backed mortgage companies would...
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Dec 19, 2012
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administration means discretionary spending and defense spending inside their amount there. we know it is wrong but don't know how it breaks down. let's look at possible differences or places for savings. what you will find, means testing for medicare is on the table. agricultural subsidies, something the democrats want to target. additional discretionary defense cuts and raising retirement age, we think saves about $100 billion. take a deep breath, total it all up, show you what we've got. revenue. 1.2 trillion for dems. assuming you use the democrats definition where tai are. >> i have a question. for raising the retirement age, that's not anything that's going to happen in the next 10 years, right? talking about doing this way down the road? >> further down the road. >> these aren't savings you'll see in the next 10 years. >> you're right. it would not be within the budget window, a correction right there. >> not that complicated, just want to follow along. >> 2$2.4 trillion for the dems and 1$1.9 for gop. it's the spending side. the revenue, seems like they're a lot clos
administration means discretionary spending and defense spending inside their amount there. we know it is wrong but don't know how it breaks down. let's look at possible differences or places for savings. what you will find, means testing for medicare is on the table. agricultural subsidies, something the democrats want to target. additional discretionary defense cuts and raising retirement age, we think saves about $100 billion. take a deep breath, total it all up, show you what we've got....
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Dec 31, 2012
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we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of magicianship, you appear to be doing that right now. it looks like rates will increase. that technically is not a good thing for you and your pledge. >> it's a very bad thing for the economy, because what they're talking about is some -- allowing the rates to go back up, not just back up. remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >>
we're looking at an avalanche of regulations that were drawn up in the first four years of the obama administration, but then conveniently only beginning to be made public after the president's job was secure. his job is secure. now yours may not be, because hundreds of billions of dollars in regulatory costs are hitting the economy. look at what epa and others are doing. >> right. but grover, speaking of magicianship, you appear to be doing that right now. it looks like rates will...
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Dec 12, 2012
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i ask because over the past several weeks the obama administration has tried to reach out to wall street in a way perhaps it hadn't earlier. want to talk a little bit about that relationship post election. in terms of where you think business should be trying to influence or be part of this discussion. >> the business roundtable put a letter today in some newspapers signed by 150 ceos of mostly large companies. i think a lot of smaller companies feel the same way, we want a rational deal. want it market credible. know there will be increases in tax revenues link together with rationale entitlement reform with a rational multiple. that's what the business community wants, not the one specific thing people argue about whether this goes up. business wants a rational deal to go up because it would be good for the united states of america? >> you'll take a higher tax rate. >> yeah. i don't personally care. it's not the 39.6%. they are linked together. no one says i will take a higher tax rate so we can still be irresponsible in spending. you can de link that all you want no one does that in t
i ask because over the past several weeks the obama administration has tried to reach out to wall street in a way perhaps it hadn't earlier. want to talk a little bit about that relationship post election. in terms of where you think business should be trying to influence or be part of this discussion. >> the business roundtable put a letter today in some newspapers signed by 150 ceos of mostly large companies. i think a lot of smaller companies feel the same way, we want a rational deal....
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Dec 20, 2012
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. >> tom obama administration officials met with eight blue chip leaders at the white house yesterday. the president and his adviser have been seeking advice interest corporate leaders. obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you sense there is a framework for a deal to be done. we hope partisanship doesn't torpedo the entire series of conversations but it feels like the two sides are close enough that there ought to be a deal that can be cut. >> so the detour that we've taken over the past 48 hours with regard to plan b, is that a political tool or do you believe that is actually a road that leadership wants to go down if they have to ? >> i t
. >> tom obama administration officials met with eight blue chip leaders at the white house yesterday. the president and his adviser have been seeking advice interest corporate leaders. obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very...
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Dec 27, 2012
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that got folks thinking that maybe president obama had made a new proposal up on capitol hill but that is now being shot down from all quarters, including from the white house where a senior administration official tells nbc news there is no proposal being sent up today. scott brown is wrong. and also a senior advisor to senator reid saying we are nowhere right now. so you can expect that whenever senator scott brown lands in washington, his blackberry is going to light up with a lot of people asking him questions about this facebook posting that now a lot of folks are saying is not true. so was there something that sparked that that's now not happening? we don't know at this point but that's what we have. >> i'll bet that's a good explainer of why we started to see the dow move off of its lows. eamon. we saw the dow start to climb back above the 13,000 level. looked like it was coming off the bottom. maybe it was the reports coming from scott brown. after eamon comes on we are moving lower. the lows, the do you down 148, right now we're down 135. minute-by-minute folks. >>> coming up.
that got folks thinking that maybe president obama had made a new proposal up on capitol hill but that is now being shot down from all quarters, including from the white house where a senior administration official tells nbc news there is no proposal being sent up today. scott brown is wrong. and also a senior advisor to senator reid saying we are nowhere right now. so you can expect that whenever senator scott brown lands in washington, his blackberry is going to light up with a lot of people...
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Dec 14, 2012
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they just haven't notified the obama administration officially. the federal model, the reason they're going to do it for many of the states beyond political reasons is concerns for the big costs to build these out. massachusetts, health care connector, the online marketplace, and back office call center, and support staff, serves as a model for the new state exchanges. but the base state is spending about $100 million in federal grants to build up the new data bases and infrastructure required under obama care. >> it requires building data linkages with the federal government, so we can send them information about people who are interested in shopping for coverage in massachusetts. and determine whether they are financially qualified for subsidies, or financial assistance. >> they say the ten-month timeline is really tight. and to get this right, by next october, well, the stakes are high. >> they're really going to get one shot at not reinforcing the idea that public sector agencies can't operate at a level of efficiency, and quality that private
they just haven't notified the obama administration officially. the federal model, the reason they're going to do it for many of the states beyond political reasons is concerns for the big costs to build these out. massachusetts, health care connector, the online marketplace, and back office call center, and support staff, serves as a model for the new state exchanges. but the base state is spending about $100 million in federal grants to build up the new data bases and infrastructure required...
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Dec 27, 2012
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. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins gettin
. >> all handgunmakers, talking about this before, how ironic you can the obama administration was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut...
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Dec 13, 2012
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administration needs to rise above. for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach. it can mean anything to you. we just want to get this done. >> my styist would not be happy with this look. >> your stylist has got a lot of work to do. that's not your problem right there. oil prices are hanging around $86 a barrel while gold prices are tumbling following the fed delayed decision to push ahead with another round of stimulus measures. guy wolf, let's look at the trading block here. different markets and see. guy wolf is macro strategist at marex speculation and jim moor yo is on constantly on cnbc. unless there's more than one of him. joining from the cm
administration needs to rise above. for you, it's the house and boehner need to rise above. for me, it's everybody needs to rise. it's not a partisan thing. it's a let's do this. >> what about marc andreessen? let's not rise above anything. >> he's like one of the only people. we've got all this -- >> okay. >> we gave you one. >> there's a sink below caucus. >> here it is. you want me to tie my tie like you? >> put it on your tie. it's like a rorschach....
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Dec 20, 2012
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in barack obama and washington, d.c. >> park's return to the presidential blue house next february will be bittersweet and comes more than three decades after the assassination of her father, former president and dictator park geun-hye who ruled south korea with an iron fist for 18 years. she was forced to grow up quickly during his time in office after her mother was killed by a pro north korean gunman serving as her father's first lady. now, more than three decades later, her task is no less daunting as she works to balance the country's expectations with the economic and political realities at hand. >> also want to mention as we take a look at the market reaction in korea to the news of her presidential win, the kospi is just below 2,000. a story on cnbc.com explains south korea's park now made a pledge that she will get the benchmark to the 3,000 mark during her term. that, of course, will be a jump of about 50%. it's a fascinating story. check out plenty more at cnbc.com. >>> now, sticking with north asia, japan's central bank has decided to expand its asset purchase program by ano
in barack obama and washington, d.c. >> park's return to the presidential blue house next february will be bittersweet and comes more than three decades after the assassination of her father, former president and dictator park geun-hye who ruled south korea with an iron fist for 18 years. she was forced to grow up quickly during his time in office after her mother was killed by a pro north korean gunman serving as her father's first lady. now, more than three decades later, her task is no...
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Dec 28, 2012
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as criticism rises over the use of drone strikes by the obama administration, look to see companies launching drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding the impact on these individual stocks, as jane had pointed out in her piece, is to understand which programs might be protected, even with budget cuts that the industry is facing. the f-35, for instance, is one that might be protected. walk us through. which ones had the most protected streams of revenue? >> frankly, many of them do at the moment, because the pentagon has been very busy signing production contracts to get under the wire of the sequester. >> so, for instance, the general dynamics deal that
as criticism rises over the use of drone strikes by the obama administration, look to see companies launching drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff...
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Dec 3, 2012
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if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take grover norquist. he's good target. once you start blaming grover norquist for a pledge made to get elected by representatives, you are totally doing a bait and switch. all of a sudden the issue of entitlementsbowles. why? they will look straight in the camera and say the gorilla in the room, entitlements. but when the blame game happens and you basically do bait and switch, you create a red herring. in this case, the red herring, and it is red, are tax issues. or taxing the rich even though the real issue you're avoiding, the big one, are the entitlements and the spending. now ross lynn carter -- an
if i look at the first administration of president barack obama, there was a lot of inherentiiting of debt. i'm not saying i agree or disagree. there's many that believe blaming someone else is just a way to shirk leadership. i'll tell you what. here's the problem with the blame game. when blame becomes an issue, it takes the empathy out. it takes the civility out and it green lights sustaining dysfunctional patterns. i'll give you an example. once you start blaming for example, let's take...